Former PayPal President Says Bitcoin Is Still The Trade of This Generation Even at $45,000

David Marcus, the former president of fintech company PayPal, has recently expressed his enthusiasm about Bitcoin’s growth in a tweet, saying that the leading cryptocurrency is “the trade of this generation.”

BTC Lauded as Trade of This Generation

In his tweet, Marcus described Bitcoin as “a fascinating human nature experiment.” His point of view springs from the asset’s meteoric performance since its early days. The former PayPal executive referenced a post from a Bitcoin early investor who stacked the cryptocurrency despite mockery from others. At the time, BTC traded at around $2.5 to $8.

Over the years, BTC has recorded exponential growth to new heights. By tagging Bitcoin as the trade of the generation, Marcus implies that the asset has unique attributes that make it a lucrative opportunity for investors, especially early buyers.

Despite BTC’s current price above $45,000, Marcus stated that “we’re still so incredibly early,” stressing that the leading cryptocurrency will demonstrate further price increases over time.

Meanwhile, Marcus is no stranger to Bitcoin and blockchain as a whole. Over the years, he has demonstrated his support for several blockchain initiatives. For example, he joined in building Facebook’s crypto project Libra before it rebranded as Diem in 2020 and wound down in 2022.

BTC Trades Above $45k

At the time of writing, BTC traded at $45,000, representing a mild 1.6% uptick in the past 24 hours and a 5.52% over the past week. The current price is commendable because the asset traded between $43,000 and $44,000 over the weekend.

Source: CoinStats

Bitcoin’s current performance is especially fueled by the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. Over the past year, several financial institutions have applied for the ETF with the U.S. Securities and Exchange Commission (SEC) to offer a Bitcoin-backed asset to U.S. investors.

Approval of the investment vehicle could possibly push Bitcoin’s price to new heights.